On April 14, 2011, President Obama signed into law H.R. 4, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011.” The act repeals an ACA provision that required businesses to file an IRS form 1099 for each vendor from whom they make purchases of at least $600 and revises other ACA IRS reporting requirements. The change is financed by expanded recoupment of health insurance exchange subsidy overpayments.